| Metric | Q3 2023 | Q2 2023 | Q3 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $345M | $337M | $309M | 2.4% | 11.7% |
| Op. Income | $42M | $19M | $13M | 123.4% | 211.9% |
| Gross Margin | 91.8% | 91.0% | 91.3% | 0.7pp | 0.5pp |
| Net Margin | 16.9% | 4.4% | 2.9% | 12.5pp | 13.9pp |
| EPS (Diluted) | $0.79 | $0.21 | $0.13 | 276.2% | 507.7% |
| Free Cash Flow | $99M | $40M | $64M | 145.6% | 54.9% |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $317M |
| R&D Expenses | $81M |
| Selling & Marketing | $138M |
| General & Administrative | $46M |
| SG&A Expenses | $183M |
| Other Expenses | $10M |
| Operating Expenses | $275M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $42M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $18M |
| EBIT | $42M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $345M |
| Cost of Revenue | $28M |
| GROSS PROFIT | $317M |
| R&D Expenses | $81M |
| Selling & Marketing | $138M |
| General & Administrative | $46M |
| SG&A Expenses | $183M |
| Other Expenses | $10M |
| Operating Expenses | $275M |
| Cost & Expenses | $303M |
| OPERATING INCOME | $42M |
| Interest Income | $5M |
| Interest Expense | $0 |
| Other Income/Expenses | $6M |
| INCOME BEFORE TAX | $48M |
| Income Tax Expense | -$10M |
| Net Income from Continuing Ops | $58M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $58M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $58M |
| D&A | $18M |
| EBIT | $42M |
| EBITDA | $59M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $58M |
| Depreciation & Amortization | $18M |
| Stock-Based Compensation | $43M |
| Deferred Income Tax | $33M |
| Other Non-Cash Items | $18M |
| Change in Working Capital | -$66M |
| OPERATING CASH FLOW | $105M |
| Capital Expenditure | -$6M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$33M |
| Sales/Maturities of Investments | $39M |
| Other Investing Activities | $14.0K |
| NET CASH FROM INVESTING | $420.0K |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$50M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$20M |
| NET CASH FROM FINANCING | -$70M |
| FREE CASH FLOW | $99M |
| Net Change in Cash | $35M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $305M |
| Short-Term Investments | $131M |
| Net Receivables | $164M |
| Inventory | $0 |
| Other Current Assets | $9M |
| TOTAL CURRENT ASSETS | $626M |
| PP&E (Net) | $144M |
| Goodwill | $102M |
| Intangible Assets | $8M |
| Long-Term Investments | $0 |
| Tax Assets | $106M |
| Other Non-Current Assets | $41M |
| TOTAL NON-CURRENT ASSETS | $401M |
| TOTAL ASSETS | $1.0B |
| Account Payables | $7M |
| Short-Term Debt | $0 |
| Deferred Revenue | $7M |
| Other Current Liabilities | $92M |
| TOTAL CURRENT LIABILITIES | $190M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $41M |
| TOTAL NON-CURRENT LIABILITIES | $98M |
| TOTAL LIABILITIES | $288M |
| Common Stock | $0 |
| Additional Paid-In Capital | $1.8B |
| Retained Earnings | -$1.0B |
| Treasury Stock | -$267.0K |
| Accum. Other Comp. Income | -$15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $740M |
| Minority Interest | $0 |
| TOTAL EQUITY | $740M |
| TOTAL LIABILITIES & EQUITY | $1.0B |
| Total Debt | $96M |
| Net Debt | -$209M |
